Cara Operations Ltd (CARA) to Issue Quarterly Dividend of $0.10 on December 15th

Cara Operations Ltd (TSE:CARA) declared a quarterly dividend on Friday, November 3rd, Zacks reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.102 per share on Friday, December 15th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, November 29th.

Cara Operations (TSE CARA) opened at C$24.36 on Tuesday. Cara Operations has a 12-month low of C$21.20 and a 12-month high of C$27.47.

A number of brokerages recently weighed in on CARA. Raymond James Financial, Inc. upped their target price on shares of Cara Operations from C$25.00 to C$26.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 7th. Scotiabank dropped their target price on shares of Cara Operations from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. CIBC dropped their target price on shares of Cara Operations from C$26.00 to C$24.00 in a research report on Tuesday, November 7th. BMO Capital Markets set a C$25.00 target price on shares of Cara Operations and gave the stock a “market perform” rating in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada dropped their target price on shares of Cara Operations from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$27.42.

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Cara Operations Company Profile

Cara Operations Limited operates and franchises full service restaurants. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Food Processing and Distribution, and Central Operations. As of December 25, 2016, the company operated 1,237 restaurants, including 1,183 restaurants in Canada and 54 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries, Prime Pubs, Original Joe's, State & Main, Elephant & Castle, Bier Markt, and Landing brand names.

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